FelCor Sells the Embassy Suites San Antonio International Airport Hotel
18 Março 2015 - 9:37AM
Business Wire
FelCor Lodging Trust Incorporated (NYSE: FCH) today announced
that it sold its 261-room Embassy Suites Hotel – San Antonio
Airport for $29.5 million. As with other asset sales, FelCor will
use the proceeds from selling this hotel to repay outstanding
debt.
FelCor has nearly completed its portfolio repositioning plan.
Since 2010, FelCor has sold 35 non-strategic hotels for aggregate
gross proceeds of $794 million. The company has five remaining
non-strategic hotels to sell, of which three hotels are already
under contract and calls for offers will be made for the other two
hotels later this month.
About FelCor
FelCor, a real estate investment trust, owns a diversified
portfolio of primarily upper-upscale and luxury hotels that are
located in major and resort markets throughout the U.S. FelCor
partners with leading hotel companies to operate its hotels, which
are flagged under globally renowned names and premier independent
hotels. Additional information can be found on the Company's
website at www.felcor.com.
With the exception of historical information, the matters
discussed in this news release include “forward-looking statements”
within the meaning of the federal securities laws that are
qualified by cautionary statements herein and in FelCor’s filings
with the Securities and Exchange Commission. We undertake no
obligation to update any forward-looking statement to conform the
statement to actual results or changes in our expectations.
FelCor Lodging Trust IncorporatedStephen A. Schafer,
972-444-4912Vice President Strategic Planning & Investor
Relationssschafer@felcor.com
Felcor Lodging (NYSE:FCH)
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